Tourism competitiveness in the Caribbean

Bineswaree Bolaky

Revista CEPAL, 2011

Abstract: This article analyses the main determinants of competitiveness in the Caribbean tourism stay-over industry using panel data for the period 1995-2006, based on an augmented version of an empirical model by Craigwell (2007). The ex post measure of competitiveness used is the share of world outbound tourists from Canada, the United Kingdom of Great Britain and Northern Ireland and the United States of America arriving in a Caribbean destination. The study finds evidence that Caribbean tourism competitiveness can be enhanced through policy measures that favour, among others, increases in investment, private sector development, better infrastructure, lower government consumption, a more flexible labour market, reduced vulnerability to natural disasters, higher human development and slow rises in oil prices. This article is an attempt to fill the gap on econometric research relating to tourism competitiveness for the Caribbean region.

Date: 2011-08
Note: Includes bibliography
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://repositorio.cepal.org/handle/11362/11503

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecr:col070:11503

Access Statistics for this article

More articles in Revista CEPAL from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) Contact information at EDIRC.
Bibliographic data for series maintained by Biblioteca CEPAL ().